Ares Pitches €1.5 Billion Private Credit Secondaries Deal

Ares Management Corp. is planning a credit secondaries transaction of investor stakes worth about €1.5 billion ($1.8 billion), people with knowledge of the matter said.

The fresh continuation vehicle will hold a number of legacy European loans from its flagship direct-lending strategy, said the people, who weren’t authorized to speak publicly. Campbell Lutyens is advising on the process, some of the people said.